Indonesia has officially launched a $1.2 billion joint venture with China’s battery manufacturing giant, Contemporary Amperex Technology Co. Ltd. (CATL), aiming to solidify its status as a major player in the global electric vehicle (EV) industry. The partnership, announced in mid-October 2024, involves Indonesia’s state-owned entity, Indonesia Battery Corporation (IBC), collaborating with CATL to establish […]
LG Energy Solution (KRX: 373220) and Liontown Resources Limited have entered into a transformative strategic partnership, reinforcing their commitment to the global lithium industry. The agreement, which includes a convertible note subscription and an extended offtake arrangement, marks a significant advancement in securing a stable supply of high-quality lithium spodumene from Liontown’s Kathleen Valley project. […]
LG Energy Solution (KRX: 373220) has entered a strategic Memorandum of Understanding (MoU) with Analog Devices, Inc. (ADI), a leader in the semiconductor industry, to advance its battery management solutions. This collaboration will span two years, focusing on the co-development of state-of-the-art algorithms and the integration of high-performance battery management integrated circuits (BMIC) from ADI. […]
LG Energy Solution, Ford Motor, and Koç Holding will join forces to build a new commercial electric vehicle (V) battery cell plant near Ankara, Turkey. The project is anticipated to support Ford Motor’s target of manufacturing more than two million electric vehicles worldwide by 2026. Situated in an industrial zone in Başkent, the new joint […]